Services
At Bhavana Business Solutions, we offer a wide range of financial services tailored to meet the unique needs of businesses and individuals. From accurate accounting to seamless tax compliance, our expert team is here to simplify your financial journey and ensure peace of mind. Discover how we can help you achieve your financial goals with precision and professionalism.
Accounting is the process of recording financial transactions pertaining to a business. In the Bhavana Business Solutions ,The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. It Includes the firm/Company/Business/Individual’s Purchase, Sale, Bank Statement and all the the expenses of it.
TDS (Tax Deducted at Source) return It refers to the filing of a statement with the tax authorities providing details of tax deducted at source by a person or entity during a specific period. If a person (deductor) is liable to make payment to any other person (deductee) will deduct tax at source and transfer the balance to the deductee. The TDS amount deducted will be remitted to the Central Government.
ITR is an Income Tax Return is a form primarily used for filing details about your income and the applicable tax to the Income Tax Department of India. The Indian income tax laws state that the IT return should be filed by every individual and business earning an income. Any other salaried individual, businessman or professional. Students who have income below the basic exemption limit or have no taxable income are not required to mandatorily file their ITR.
GST return is a document that will contain all the details of your sales, purchases, tax collected on sales (output tax), and tax paid on purchases (input tax). Once you file GST returns, you will need to pay the resulting tax liability.Bhavana Business Solutions is the best and easily reacheable for the clients to deal with all their GST work. Any business entity that has been registered under the GST Act is required to file GST returns. It usually includes firms that supply goods and provide services, either within or outside their state
A tax advisor or tax consultant is a person with advanced training and knowledge of tax law. The services of a tax advisor are usually retained in order to minimize taxation while remaining compliant with the law in complicated financial situations. Tax Advisors are also retained to represent clients before tax authorities and tax courts to resolve tax issues.In the Bhavana Business Solutions , Mr.Ketan ShetThe Founder itself is a Advisory and a Consultant of BBS.
An audit is a careful examination of something to ensure it is accurate and correct. It can be used to examine financial records, processes, or compliance with laws and regulations. An independent auditor examines the financial records or process. Audits help ensure that a company’s financial statements are accurate and reliable. In the Bhavana Business Solutions we also Provide Following Audit Services:
Income Tax Audit
A tax audit is required if the sales, turnover, or gross receipts of a business exceed Rs. 1 crore in the financial year or if the taxpayer opts for a presumptive taxation scheme under section 44AD or 44ADA of the Income Tax Act, 1961.
GST Annual Return
Audit under GST is the process of examination of records, returns and other documents maintained by a taxable person. The purpose is to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess the compliance with the provisions of GST
Trust Audit
A trust audit is a formal examination of a trust’s financial records to ensure compliance with accounting rules. It’s also a way to ensure that a trust’s income is distributed to beneficiaries as per the trust deed There are special accounting rules for these trust accounts and a Trust Audit is designed to ensure compliance with these accounting rules.
Company Audit
A company audit is an independent review of a company’s financial statements. The audit’s purpose is to ensure that the financial statements are accurate and comply with legal and regulatory requirements. It is done to ascertain the accuracy of financial statements provided by the organization.
Internal Audit
An internal audit is an independent review of an organization’s processes, practices, and controls. It can help ensure that the organization is operating effectively and in compliance with the law. An internal audit helps in securing compliance with the various laws applicable to an organization.
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